Archives for December 2018
OPEC agrees to larger than expected production cuts
OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna. Source: FuelFix
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OPEC+ reaches modest deal to cut production, stabilize oil prices
The so-called OPEC+ group with Russia and others reached a modest deal to jointly cut oil production by 1.2 million barrels a day and help stabilize collapsing crude oil prices. Source: FuelFix
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Oil rises as OPEC talks continue in hunt for production deal
Oil gained above $51 a barrel as OPEC entered a second day of talks in an attempt to draw up a deal to cut output. Source: FuelFix
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OPEC talks deadlocked as Iran resists pressure to cut
OPEC crunch talks were deadlocked on Friday as Iran was said to reject a symbolic oil-output cut as part of a wider deal with the cartel and its allies. Source: FuelFix
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Drilling Down: Mexican oil company goes drilling in North Texas
The U.S. arm of a Mexican oil company is getting ready for a new round of projects in the Marble Falls resource play of North Texas. Source: FuelFix
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